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but the economy always gets in the way of foreign policy. about the only piece to foreign policy that made its way to the campaign is first president obama's often repeated claim that he had taken doubt osama bin laden. and the benghazi. there's a coverup going here. something's wrong. it ended up being the wrangled poor susan rice's poor talking points. but even under that one, there was a bigger picture and a bigger december lesson that we can draw, which is the fighting in libya that produced the attack on the american consulate is part of the very long aftermath of what we used to call the arab spring. john kerry said we shouldn't call it that. it's going to take longer than one spring. and the people who did it were not members of the old al-qaeda. they were an off-shoot. they were inspired by al-qaeda. osama isn't there anymore. and that it's -- and the old al-qaeda probably doesn't have the capability to do 9/11 anymore but the problem of extremism is still out there and we have a very long way to go. >> i was going to ask about one t
but the economy always gets in the way of foreign policy. about the only piece to foreign policy that made its way to the campaign is first president obama's often repeated claim that he had taken doubt osama bin laden. and the benghazi. there's a coverup going here. something's wrong. it ended up being the wrangled poor susan rice's poor talking points. but even under that one, there was a bigger picture and a bigger december lesson that we can draw, which is the fighting in libya that...
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Dec 28, 2012
12/12
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." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> warner: five days and counting with plenty of tit-for- tat charges, but no agreement in sight. that, in short, summed up the state of affairs in washington today as the fiscal cliff deadline loomed, january first. it would mean more than $600 billion in across-the-board tax increases and automatic spending cuts. >> come the first of this year, americans will have less income than they have today. if we go over the cliff, and it looks like that's where we're headed. >> warner: this morning, the senate's democratic majority leader, harry reid, was blunt about chances for a
." >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions...
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Jan 2, 2013
01/13
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that said, this economy has been plugging along. what steve is talking about are some really dangerous things. we're heading into another standoff over the debt ceiling. we all remember how that worked out in august 2011. it hurt business confidence. it floated the possibility of a federal government default. we had a credit downgrade of the u.s. credit rating. those were all things that undermind business confidence and made 2011 a worse year than it might have been. the next round of brinksmanship of negotiations we might see that again. let's hope this is a crisper series of negotiations that aren't quite as scary for business and the economy. >> woodruff: in a word, steve own, is that something members are prepared to do? >> i see a lot more brinksmanship. i think it could get very, vur ugly. we might get-- thaeft theor they it's going to take the markets freaking out again before they come up with another deal. >> woodruff: we'll only hope that's not going to happen. steven dennis, neil irwin, we thank you both. >> brown: and t
that said, this economy has been plugging along. what steve is talking about are some really dangerous things. we're heading into another standoff over the debt ceiling. we all remember how that worked out in august 2011. it hurt business confidence. it floated the possibility of a federal government default. we had a credit downgrade of the u.s. credit rating. those were all things that undermind business confidence and made 2011 a worse year than it might have been. the next round of...
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Jan 1, 2013
01/13
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moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the old year ticked down today, and with it went any hope of meeting the midnight "fiscal cliff" deadline. house republicans opted not to hold any votes on the issue tonight. so-- officially, at least-- more than $600 million in tax hikes and spending cuts begin taking effect tomorrow. in the meantime, senate republicans and the white house continue working on a possible deal. . >> are running out of time. americans are still threatened with a tax hike in just a few hours. >> new year's eve morning at the capitol began with a warning from senate majority leader harry reid. after a long weekend dush -- weekend of tense n
moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: the old...
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Dec 28, 2012
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economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the union and shipping lines worked out a deal on royalty payments for unloading containers. the contract extension gives the two sides time to resolve their remaining issues. wall street finished the week with its fifth straight losing session. stocks have been falling as concern mounts that washington will fail to get a budget deal. the dow jones industrial average lost 158 points today, to close at 12,938. the nasdaq fell 25 points to close at 2,960. for the week, both the dow and the nasdaq fell 2%. sectarian tensions flared across iraq today as tens of thousands of sunnis staged mass protests against the shi-ite-led government. there were rallies in fallujah and ramadi, where protests already had erupted earlier this week. today, mosul, tikrit and samarra had demonstrations as well. protesters took to the streets waving flags and signs. they chanted slog
economy has dodged a potentially crippling strike at ports up and down the east coast and gulf coast at least, for now. the longshoremen's union agreed today to extend its existing contract by another month. that word came after the union and shipping lines worked out a deal on royalty payments for unloading containers. the contract extension gives the two sides time to resolve their remaining issues. wall street finished the week with its fifth straight losing session. stocks have been falling...
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at think that's a real bad deal for the economy. gerri: unbelievable. that is a bad deal. the uc anything that you like? >> well, there are good things. we can quit talking about the temporary busax cuts. this means that we are talking about the obama tax code. president obama of this tax cut right now. this is all his. for now on, good or bad, he lows with the results of this. gerri: you are so knowledgeable. thank you for helping is out. it is a huge bill. of course, the president will be signing it soon. thank you for your time. >> you bet. gerri: washington's last-minute deal to avert a monster they created has left neither side coming victory, everybody seems to be mad. now moody's is warning, their compromise does not go far ough to protect our country's aaa rating and is urging congress to do more. with more on this, democratic strategist, diector of communications for american crossroads and ed rollins, republican strategist and fox news contributor. i'm going to start with you. you have the most experience with these kinds of things. moody's has already saying, re
at think that's a real bad deal for the economy. gerri: unbelievable. that is a bad deal. the uc anything that you like? >> well, there are good things. we can quit talking about the temporary busax cuts. this means that we are talking about the obama tax code. president obama of this tax cut right now. this is all his. for now on, good or bad, he lows with the results of this. gerri: you are so knowledgeable. thank you for helping is out. it is a huge bill. of course, the president will...
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Jan 2, 2013
01/13
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economy, much the same as 2012. >> many saw 2012 as being the year european currency unraveled. in 2013, they will struggle with political and social cuts of austerity, and agonizing process of making economies more competitive. it will be another tough year. >> temperatures as low as freezing the not stop some brave new workers from taking a dip on coney island. the polar bear plunges an annual new year's day event. new year's day event.
economy, much the same as 2012. >> many saw 2012 as being the year european currency unraveled. in 2013, they will struggle with political and social cuts of austerity, and agonizing process of making economies more competitive. it will be another tough year. >> temperatures as low as freezing the not stop some brave new workers from taking a dip on coney island. the polar bear plunges an annual new year's day event. new year's day event.
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back then trade was aa contributor to economic growth for the, economy. reunion $500 million at $4.2 billion adjustedio for inflation, and we're running a trade deficit,it trade deficit $536 billion. $536 million. back then social security made up 6.5%. 6.5%. of the federal budget. 6.5%. the decayed and medicare didn't exist back the let's compare that to what we are doing now. a 20% of the budget on social security, and thene throw a 21% more of the federal budget for medicare, medicaid, and anotr 13% for other social programs, food stamps. so that comes up to a whopping 54% of the budget. 54%. forgot to mention this. it is kind of important, isn't it? back than median family income was about $38,000. $38,000. today it is $62,000. we will pretend that looks like a two and that looks like a six. we haven't done too well, more than half a century in raising a the median income ine this country and that is something he is right about, we do have to fix that. imagine this, it's got a nobel prize. the unions made up 24% read today that number a rather conveni
back then trade was aa contributor to economic growth for the, economy. reunion $500 million at $4.2 billion adjustedio for inflation, and we're running a trade deficit,it trade deficit $536 billion. $536 million. back then social security made up 6.5%. 6.5%. of the federal budget. 6.5%. the decayed and medicare didn't exist back the let's compare that to what we are doing now. a 20% of the budget on social security, and thene throw a 21% more of the federal budget for medicare, medicaid, and...
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the economy is good. our sales floor is busier. our palm lines are longer and we are taking in a lot more merchandise. right now it's getting a little bit better. people are working desperately to get to work. people just need to go out and every morning when you wake up coming have to ask yourself, how bad do you want to? go get a job, it doesn't matter if you clean the streets are mowed a lawn, or you are a doctor, there are opportunities out there. what i advise them is don't over extend yourself. neil: so my wife's 250,000-dollar ring, -- [talking over each other] [talking over each other] >> we've been doing this long enough, we understand. >> don't go anywhere else. thank you very much f coming. he is the guy. we will have the response to barack obama coming up next. ♪ [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace dustry in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason o
the economy is good. our sales floor is busier. our palm lines are longer and we are taking in a lot more merchandise. right now it's getting a little bit better. people are working desperately to get to work. people just need to go out and every morning when you wake up coming have to ask yourself, how bad do you want to? go get a job, it doesn't matter if you clean the streets are mowed a lawn, or you are a doctor, there are opportunities out there. what i advise them is don't over extend...
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they're keeping tabs on peaceful americans who are trying to loosen wall street's death grip on our economy and government in just a moment what do new f.b.i. documents reveal about the agency's surveillance on the occupy wall street movement also president obama cut short his hawaiian vacation to get back to fiscal cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that doesn't leave the middle class high and dry and later the funerals for newtown connecticut victims may have finally ended but unfortunately funerals for gun victims in america never truly stop another story of a mass shooting and how the n.r.a. is more interested in saving profits than saving lives. and we did tonight with occupy wall street during the heyday of the occupy movement last year if you were lucky enough to walk through one of the encampments says i was frequently here at occupy d.c. good to see a community built as an example of what our nation should be striving for you would've seen hell. car
they're keeping tabs on peaceful americans who are trying to loosen wall street's death grip on our economy and government in just a moment what do new f.b.i. documents reveal about the agency's surveillance on the occupy wall street movement also president obama cut short his hawaiian vacation to get back to fiscal cliff negotiations but given that he and democrats have put everything they can on the table and republicans still won't compromise what hope is there in striking a deal that...
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that is how our economy works best. that is how we grow. the total of all the budget agreements, we have reached so far, proves that there is a path forward, but it is possible, if we focus on the politics -- one on what is right for the country. the one thing that i think that hopefully the new year will focus on is being if we can put a package like this together with a little bit less drama. little less brinksmanssip. not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending and raise revenue in a way that reduces deficit of projects are middle-class and provides for everybody that is willing to work hard. we can find a way to afford the investments we need to grow and compete. we can settle this debate. or at the very least, not allow it to be so all consuming all the time that it stops us from needing a host of other challenges that we face. creating jobs. boosting incomes. fixing infrastructure and immigration system. protecting our planet from the harmful effects of climate chang
that is how our economy works best. that is how we grow. the total of all the budget agreements, we have reached so far, proves that there is a path forward, but it is possible, if we focus on the politics -- one on what is right for the country. the one thing that i think that hopefully the new year will focus on is being if we can put a package like this together with a little bit less drama. little less brinksmanssip. not scare the heck out of folks quite as much. we can come together as...
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it is like the mood ring for the economy. you know, it changes all the time. it's not always predictable on how it's going to move. even so, i am a big proponent of individual investors investing in stocks. what sectors do you like best right now? >> i like defensive sectors. i like to take advantage of what i think is an overvalued market. have on the taxes, it is a good reason to own them. pharmaceuticals as well. everybody in america is getting prescribed more and more medication, as we know. and so xph is another stock that has a lot from local companies and. gerri: what don't you like right now? is it the bond market? >> i don't mind the bond market so much, i like google and apple more than treasuries. you get a little bit more bang for your buck. financials i would stay away from. i would stay out of it. gerri: they had some pretty decent earnings though he meant yes, they did. the earnings have sunk the last couple of years. the housing market is tight on credit. gerri: type on credit, still giving taxpayer dollars in today's deal. scott, thank you for
it is like the mood ring for the economy. you know, it changes all the time. it's not always predictable on how it's going to move. even so, i am a big proponent of individual investors investing in stocks. what sectors do you like best right now? >> i like defensive sectors. i like to take advantage of what i think is an overvalued market. have on the taxes, it is a good reason to own them. pharmaceuticals as well. everybody in america is getting prescribed more and more medication, as...
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Dec 27, 2012
12/12
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the good news just keeps on coming in one part of the economy. home prices jumping 4.3% in 20 major markets across the u.s. mark the biggest gains since may 2010. so that full recovery on track for 2013? here with answers, house reporter for the "wall street journal." i will start with you. how a solid if this recovery, how substantial? >> this year the housing recovery went farther than anybody expected. the house an housing drummer whs at several indicators tells us to recovery is about halfway back to normal, from the worst point during the bus around three years ago back to the long-term historical normal levels. we still have a long time to go, but this is still better than anyone thought it would be at this point. gerri: let's talk about the cities doing that. phoenix up dramatically 22%, one of the cities creamed in the downturn. where are the bright spoos in this country? >speak when it comes to price increases, places like phoenix, detroit and more recently las vegas, parts of florida and even atlanta. places all hit hard during the bus.
the good news just keeps on coming in one part of the economy. home prices jumping 4.3% in 20 major markets across the u.s. mark the biggest gains since may 2010. so that full recovery on track for 2013? here with answers, house reporter for the "wall street journal." i will start with you. how a solid if this recovery, how substantial? >> this year the housing recovery went farther than anybody expected. the house an housing drummer whs at several indicators tells us to...
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Jan 2, 2013
01/13
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they put off dealing with the auto mat tech spending cuts which could be far more damaging to the economy. so your tax rates are not going up under the fiscal cliff but your paychecks will be getting smaller, starting with your next check. that's because the 2-year-old's payroll fax rate is over. so here's how it will affect you f you're making $30,000 a year, you'll pay about $50 more a month in taxes. if you're earning $50,000, you'll contribute about $83 a month. >>> tonight house speaker john boehner is the focus of some bipartisan fury after he refused to act on hurricane sandy aid legislation. in october hurricane sandy devastated new york and new jersey. now the fight over recovery funding has erupted into anger on capitol hill. new jersey governor chris christie said house speaker john boehner is not returning his phone calls. >> 66 days and counting. shame on you. shame on congress. >> lawmakers expected a vote on the sandy aid bill late last night after the fiscal cliff deal passed but in a surprise move, boehner pulled the bill. boehner assures lawmakers a vote on sandy aid wil
they put off dealing with the auto mat tech spending cuts which could be far more damaging to the economy. so your tax rates are not going up under the fiscal cliff but your paychecks will be getting smaller, starting with your next check. that's because the 2-year-old's payroll fax rate is over. so here's how it will affect you f you're making $30,000 a year, you'll pay about $50 more a month in taxes. if you're earning $50,000, you'll contribute about $83 a month. >>> tonight house...
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Jan 2, 2013
01/13
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economy and gas prices. i think how europe does is going to affect a lot of what happens in the u.s. economy and congress. >> there's also an ongoing school issue that will affect the nation's public school systems. tell bus that. >> it's a sombering reality when we talk about k through 12, we've been thinking only about gun violence in the wake of the newtown shooting. but congress could revisit the no child left behind act. the relationship between federal and state regulations is going to come to a head sooner rather than later and congress will have to be forced to have that discussion. >> you also see the dodd-frank too big to fail law as a hot button issue. why? >> right. although there hasn't been as much of an uproar to overhaul that law or overturn it, as compared to say the health care law, there's definitely a growing sense on both sides of the aisle and interestingly enough to reexamine these too big to fail, the mega institutions, which are governing our markets. and i think you see people on bo
economy and gas prices. i think how europe does is going to affect a lot of what happens in the u.s. economy and congress. >> there's also an ongoing school issue that will affect the nation's public school systems. tell bus that. >> it's a sombering reality when we talk about k through 12, we've been thinking only about gun violence in the wake of the newtown shooting. but congress could revisit the no child left behind act. the relationship between federal and state regulations is...
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Jan 2, 2013
01/13
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economy and the world economy, by standing on principle. certainly the principle is very important to a lot of these republicans but again, that's why the speaker has been going through, you know, this is actually a good way that somebody put it to me here, that republicans in the house who came in two years ago vowing to cut spending and keep taxes low over the past couple of days has been trying to go through the stages of grief and now they're just about getting to the seventh stage of grief. >> let me ask this quick question. there are people who seem to think a new congress starts with the swearing in of a new president. that is not true. the new congress takes office when? >> reporter: thursday. january 3rd. that's when the new congress is sworn in and i should tell you that democrats still control the senate with more seats. republicans still control the house but democrats do have more seats. so that will definitely change the dynamic. >> don't go anywhere. i know you are not going to go. you will go talk to people and find out what
economy and the world economy, by standing on principle. certainly the principle is very important to a lot of these republicans but again, that's why the speaker has been going through, you know, this is actually a good way that somebody put it to me here, that republicans in the house who came in two years ago vowing to cut spending and keep taxes low over the past couple of days has been trying to go through the stages of grief and now they're just about getting to the seventh stage of...
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and so i will say that if you look at the fundamentals in european economies they're not half as bad as you think in the eurozone especially and so i would bet on the euro ok the americans will keep printing money i have no doubt about that john where you think the arab spring is going to go there's any doubt about it i. don't really think the arab spring is going to happen do it this year. you know it's tough to say there are still a lot of things happening you know some people think there was a low after egypt and tunisia. but there are still a lot of things happening i mean jordan right now is facing a lot of domestic. people are very upset with the government they are vying for some sort of constitutional monarchy that is more. that addresses more of their social concerns and doesn't for example torture people and and have a police state which is what they essentially have crane is still you know people are still fighting for freedom they're they're they're still out in the streets despite the ban on all demonstrations and protests. which the bahraini government has imposed with
and so i will say that if you look at the fundamentals in european economies they're not half as bad as you think in the eurozone especially and so i would bet on the euro ok the americans will keep printing money i have no doubt about that john where you think the arab spring is going to go there's any doubt about it i. don't really think the arab spring is going to happen do it this year. you know it's tough to say there are still a lot of things happening you know some people think there was...
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Jan 1, 2013
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economy is the u.s. congress. i kind of agree with him. >> you know what, i want you to go back and tell that mark that my resolution is to be more like him. just say what's on your mind. he's direct. >> reporter: he certainly did. it's great -- but people feel passionate about this. we're working in this business where we watch sort of the trickle of events, but everybody else is watching it too. it's very frustrating for everybody. >> people are ticked, hence you are at the tick tok diner. that's my attempt at humor. alison kosik, thank you, my friend. happy new year. >> reporter: sure, you too. >>> besides talking to people in the diners, we're also collecting your thoughts online. if you want to see what a lot of your fellow americans and those who live here feel about this, go to cnn.com. you can hear the reports to washington. there's some doozies in there. >>> the fiscal cliff is somewhat set. now it's up to the house to give the thumbs up or down. leaders are expected to meet at 1:00 this afternoon eastern
economy is the u.s. congress. i kind of agree with him. >> you know what, i want you to go back and tell that mark that my resolution is to be more like him. just say what's on your mind. he's direct. >> reporter: he certainly did. it's great -- but people feel passionate about this. we're working in this business where we watch sort of the trickle of events, but everybody else is watching it too. it's very frustrating for everybody. >> people are ticked, hence you are at the...
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Jan 1, 2013
01/13
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. >>> it turns out that the health of the economy could actually influence whether a child picks up unhealthy habits. scientists at the state university of new york found children who grow up when unemployment rates are high are more likely to drink, smoke and use marijuana in their teens. researchers want doctors to consider their study when dealing with children born during this most recent recession. >>> and if you partied too hard last night you might want to buy some asparagus. we have sign it is in korea who apparently analyzed the vegetable's chemical compounds and believe that the amino acids and minerals in asparagus can replenish the body to relieve a hangover. the study also found it helps protect the liver from toxins and that includes alcohol. >> lawrence just left. [ laughter ] >> probably to go buy some asparagus. >> just saying. >>> ringing in the new year means you have to come up with new resolutions. >> but sticking to those goals attention a little planning. in today's health minute, susan hendricks shows us some tried and true ways to make your resolutions a reality. >> r
. >>> it turns out that the health of the economy could actually influence whether a child picks up unhealthy habits. scientists at the state university of new york found children who grow up when unemployment rates are high are more likely to drink, smoke and use marijuana in their teens. researchers want doctors to consider their study when dealing with children born during this most recent recession. >>> and if you partied too hard last night you might want to buy some...
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Dec 27, 2012
12/12
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eric: forget the fiscal cliff, what about a container cliff and what that might do to the economy. a a nasty standoff between union workers and the companies could cripple the nation. unless two groups reach a deal, theyun planted strike down plano strike this weekend.if if the strike happened, some reports estimate for a billion dollars per day. >> there's no question, use the righte words, cripple the economy. the backbone of the trade on the export and import, eric. about $100 billion or more comes in and out where you have to have these strikes. co it is very devastating and could reverberate throughout thees country. food distributors, everybody would be affected by this strike if it goesrd forward. eric: what do the unions want and what is management willing to do, how far apart are these two groups? >> normally in a dispute with the unions it is about wages and benefits in this case it is not. what the unions are objecting to with reports i have been seeingu is new work rules andort deficiencies that support systems want to put in place too make the port more productive to l
eric: forget the fiscal cliff, what about a container cliff and what that might do to the economy. a a nasty standoff between union workers and the companies could cripple the nation. unless two groups reach a deal, theyun planted strike down plano strike this weekend.if if the strike happened, some reports estimate for a billion dollars per day. >> there's no question, use the righte words, cripple the economy. the backbone of the trade on the export and import, eric. about $100 billion...
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Jan 2, 2013
01/13
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FOXNEWSW
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truly, the stimulus money doesn't -- is not -- was not going to affect the economy. but the medicare providing doctors closing up their clinics taking a 30% pay cut. the milk fromming go $4 a gallon to $8 or $3 to $8. the loss of the payroll tax cut along with the uninsured having checks cut off as we all lost our tax cuts was really going to be quite incredible and those things though they are not talked about the alternative minimum tax and medicare doc fix and form program that the farm state republicans are fighting for but the rest of the republican leadership was not. this was going be a huge consumer hit and felt pretty quick le. those things had to be done and as i said earlier you will hear a lot of positive spin about how great they are. >> bret: a quick break. steve i promise you are on the other side with your thoughts about what is in this bill as we get ready for the house of representatives to take up the fiscal cliff legislation. we have you covered here on fox news channel throughout the night. a busy first day of 2013. [ rosa ] i'm rchantix. when th
truly, the stimulus money doesn't -- is not -- was not going to affect the economy. but the medicare providing doctors closing up their clinics taking a 30% pay cut. the milk fromming go $4 a gallon to $8 or $3 to $8. the loss of the payroll tax cut along with the uninsured having checks cut off as we all lost our tax cuts was really going to be quite incredible and those things though they are not talked about the alternative minimum tax and medicare doc fix and form program that the farm...
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we will be watching blips to see if the economy is on track. fourth quarter earnings will be big as well. they take the outlooks down and it will be interesting to see how the numbers play out. >> it sure will. jackie, it's a new year. a little more coffee and we will be good. as we pointed out, the current fiscal cliff deal puts off several issues to another day. seth up a triple threat just too short months from now. we have the fight over raising the nation's debt ceiling that comes in late february or early march. march 1st, congress will have to deal with the sequester of the automatic spending cuts that have been put off. just a few weeks later, the continuing resolution on the federal budget runs out. that could lead to at least a partial government shut down. joining us now live with a happy new year to you. i guess we will start with the debt ceiling. why not tackle this first. it has been building for a while and a major sticking point in the negotiations. how does the make up of the final deal change the way this is likely to play ou
we will be watching blips to see if the economy is on track. fourth quarter earnings will be big as well. they take the outlooks down and it will be interesting to see how the numbers play out. >> it sure will. jackie, it's a new year. a little more coffee and we will be good. as we pointed out, the current fiscal cliff deal puts off several issues to another day. seth up a triple threat just too short months from now. we have the fight over raising the nation's debt ceiling that comes in...
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Dec 26, 2012
12/12
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>> the main thing about the internet-driven revolution and every sector of the economy. up becomes down and down becomes up. people should be doing their homework in classes with tutors and should be getting the lectures not in the classes, but at homes online. let me give you another example. if you are an able student from a high income family, you have a seven times greater chance and probability of being in an elite university than if you are just as able, but from a low-income family. that's a disparity that is cleatly unfair. it is completely inconsistent with the american dream and hopes we have for everybody in our society to be all that they can be. the internet has to be used by interior entrepreneurs to find children of unique ability and teach them individually and give them the maximum opportunity to take advantage of those abilities. that same capability that the internet mermts to identify consumer preference can be used to identify the likelihood to achieve an educational topic. >> so your idea seems to be unleash the innovation and that is the key to rev
>> the main thing about the internet-driven revolution and every sector of the economy. up becomes down and down becomes up. people should be doing their homework in classes with tutors and should be getting the lectures not in the classes, but at homes online. let me give you another example. if you are an able student from a high income family, you have a seven times greater chance and probability of being in an elite university than if you are just as able, but from a low-income...
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Jan 2, 2013
01/13
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CNNW
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eye 116
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that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending and raise revenue in a way that reduces our deficit, protects the middle class and provides ladders into the middle class for everybody who is willing to work hard. we can set this will debate or at the very least into the allow it to be so all consuming all the time that it stops us from meeting a host of other challenges that we face, creating jobs, boosting incomes, fixing our infrastructure, fixing our immigration system, protecting our planet from the harmful effects of climate change
that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we...
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Jan 3, 2013
01/13
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CURRENT
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if we go over the cliff and 5 trillion-dollar is taken out of the economy you're heading into a major recession, more unemployment. the fact that we prevented 99% of americans from paying higher income taxes very important. two million workers will continue to get unemployment benefits. very important. seniors on medicare will be able to walk into the doctor's office and get treated rather than see their doctors get a 27% reduction in their reimbursement rates. those are the reasons why i voted for it. the arguments against it are several fold. two of the main ones are number one, there was an tremendous tax break on estate tax that will benefit the top three-tenths of 1%. that's about $100 billion over a ten-year period. all republicans wanted that and some democrats as well. totally outrageous. second of all we made permanent or at least until congress changes it some very bad proposals within the bush tax breaks of 91 and 93. instead of racing tax raising taxes on dividends we only took it up to 20%. by and large the president wanted $1.6 trillion in new revenue. this comes out at
if we go over the cliff and 5 trillion-dollar is taken out of the economy you're heading into a major recession, more unemployment. the fact that we prevented 99% of americans from paying higher income taxes very important. two million workers will continue to get unemployment benefits. very important. seniors on medicare will be able to walk into the doctor's office and get treated rather than see their doctors get a 27% reduction in their reimbursement rates. those are the reasons why i voted...
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Jan 3, 2013
01/13
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CNBC
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economy then that turns out to be bad for european economy, right? >> if they stop too early because they are worried about the aaccumulative problems down the road as opposed to stopping because we are already in a strong place, we still have number one economy, but it is still number one economy and the world is globalized. >> i think 23 members of the eurozone, gdp perspective, is the same eyes as america. >> bigger than the united states. >> it needs olive oil in greece, right? manufacturing out of germany. >> champagne france. >> exactly. they need stuff to be cheaper so we can gorge on champagne and corks. >> lucky you. what do i get to gorge on? we don't get to gorge on anything. what does the uk make any more? i'm not sure what we make any more. we know there are currency wars. this is the language. in the current environment, of course we will see currency wars. so yes, you know, europe would love to see a stronger dollar. but lots of places would. >> to louise's points, when i head through the minutes, there are members that would love to g
economy then that turns out to be bad for european economy, right? >> if they stop too early because they are worried about the aaccumulative problems down the road as opposed to stopping because we are already in a strong place, we still have number one economy, but it is still number one economy and the world is globalized. >> i think 23 members of the eurozone, gdp perspective, is the same eyes as america. >> bigger than the united states. >> it needs olive oil in...
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Jan 2, 2013
01/13
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CNNW
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this is not helpful to the economy, and it will hurt the economy. remember obama is not just raising taxes on the rich right now. we're about to enter a decade where a trillion dollars is going to be taken away from the american people in higher taxes to pay for obama-care. this was passed only by democrats. it is entirely a democrat tax increase. and it includes many taxes that directly hit middle income and lower income people. so obama's tax increase is not just the top tax rates. it's people -- if you have bad health problems and you spend more than 7.5% of your adjusted gross income on out of pocket health costs, you used to be able to deduct anything above that. thanks to obama's law, obama-care, that's now 10%. so $2 million to $3 million will be taken out of people average income $53,000 a year, who are lower income, middle income and sick. they're going to be paying taxes for obama-care. there's an avalanche of obama tax increases coming next year. >> i just want to point out, grover norquist, though, having said all that and everything you
this is not helpful to the economy, and it will hurt the economy. remember obama is not just raising taxes on the rich right now. we're about to enter a decade where a trillion dollars is going to be taken away from the american people in higher taxes to pay for obama-care. this was passed only by democrats. it is entirely a democrat tax increase. and it includes many taxes that directly hit middle income and lower income people. so obama's tax increase is not just the top tax rates. it's...
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Dec 28, 2012
12/12
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MSNBCW
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the hope is that both sides can agree to a compromise to prevent the economy from sliding back into a recession. but judging from some of the rhetoric on capitol hill, we still got a long way to go, folks. >> if we go over the cliff, we will be left with the knowledge that could have been prevented with a single vote. american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a de dictatdec dictatorship of the speaker. john boehner seems to care more about keeping his speaker ship. he's waiting until january 3rd to get reelected as speaker before he gets serious with negotiations. because he has so many people over there. that won't follow what he wants. that's obvious from the debacle that took place last week. >> tough words from the democrats. to the republicans, though, it's the other party that needs to act. senate minority leader mitch mcconnell insists he's not going to be the one to blink first. >> we're coming up on a hard deadline. this is a conversation we should have had months ago and r
the hope is that both sides can agree to a compromise to prevent the economy from sliding back into a recession. but judging from some of the rhetoric on capitol hill, we still got a long way to go, folks. >> if we go over the cliff, we will be left with the knowledge that could have been prevented with a single vote. american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a de dictatdec dictatorship...
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Dec 27, 2012
12/12
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FOXNEWSW
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this is obama's economy. let the president and the democrats own it, lets them own the massive exploding national debt, let them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how do you get the ball back from the democrats? they had it. next thing you know, the ball is in your court. >> i'm going to have to upset you, my friend. i think you are right. i think boehner is at the moment looking weaker. he's out of the talks all together at the moment. no role to play. his own troops have abandoned him. i'm told he's okay of keeping the speaker ship on january 3rd when they vote but you start to hear rumors about eric cantor who you see next to him possibly launching some kind of -- but it seems to me he's in a position the republicans in the senate and the white house are really the
this is obama's economy. let the president and the democrats own it, lets them own the massive exploding national debt, let them own the tax hikes, let them own the defense cuts. instead boehner and the gaining are letth president to star his own superhero film. he's going to come back in and save us from the fiscal cliff while others are puffing marlboros. winning the optics war and winning it big. juan, how do you get the ball back from the democrats? they had it. next thing you know, the...
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old in with the new with the arrival of two thousand and thirteen what can we expect will the global economy continue want to slow pace of recovery or is there another crisis in the cards well western powers in israel finally decide to attack iran will the world come together to deal with extreme weather and will america see another horrific year of mass murders. cross-talk predictions for two thousand and thirteen i'm joined by john glaser in washington he's an assistant editor and blogger for antiwar dot com in san francisco we have will durst he is a political comic and syndicated columnist and in paris we cross the analysts a bit more she is a journalist and political commentator right cross talk rules in effect as usual john we were foreign policy expert do you see in your crystal ball an attack on iran this year. i doubt it you know we came very close i think in twenty eleven in two thousand and twelve to a war in iran the israelis were pressuring washington pretty hard for you know a first strike but the obama administration as much as i have to criticize them for really they. engaged
old in with the new with the arrival of two thousand and thirteen what can we expect will the global economy continue want to slow pace of recovery or is there another crisis in the cards well western powers in israel finally decide to attack iran will the world come together to deal with extreme weather and will america see another horrific year of mass murders. cross-talk predictions for two thousand and thirteen i'm joined by john glaser in washington he's an assistant editor and blogger for...
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Dec 27, 2012
12/12
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FOXNEWSW
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this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops abandoned him. he is okay keeping the speaker on january 3 when the republican caucus vote but you are hearing rumors about eric cantor who is next to him launching some kind of a coop at the moment. i don't know where it goes. but it seems that he is in a position where the republicans in the senate and the white house are really the ones who will negotiate the deal. you have ten or 19 in the senate. will he have a vote? >> eric: 32 bills passed out in the senate waiting for a vote. >> kimberly: this is ridiculous. imagine having the advantage. say you play basketball and five guys on your team and the other side has one player and you are still getting beat because you keep turning over the ball. that's what it seems like. they have. leadership crisis. there is a split wi
this was obama's economy, his face calf cliff. now boehner fails on the vote and next thing you know, the ball is in your court. >> juan: i think you are right. i think boehner at the moment looking weaker. he is out of this altogether at the moment. his troops abandoned him. he is okay keeping the speaker on january 3 when the republican caucus vote but you are hearing rumors about eric cantor who is next to him launching some kind of a coop at the moment. i don't know where it goes. but...
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Dec 28, 2012
12/12
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FOXNEWSW
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bush is being blamed for the bad economy in the last election still. better to get back on principle here and stick to first principles if you are still a conservative party and still believe that. if you don't believe that you better tell the american people you are okay for some tax increases. >> no question about that. one thing we learned we will get blamed no matter happens. the republicans in the house passed 30 jobs bills and sent them to the senate where they died and passed a budget every year. sent it to the senate and died and they get no credit for that. no matter what happens they will blame us. we learned that lesson well over the last two years. >> laura: thanks so much. and directly ahead, barack obama mapping out plans for his second term. how far left will the president take the country? we will have a debate. >>> later on, more on supreme court justice sonia sotomayor's refusal to block the contraception is mandate from taking effect even temporarily. what are the implications of >> announcer: stop! living with hair loss, that is. lo
bush is being blamed for the bad economy in the last election still. better to get back on principle here and stick to first principles if you are still a conservative party and still believe that. if you don't believe that you better tell the american people you are okay for some tax increases. >> no question about that. one thing we learned we will get blamed no matter happens. the republicans in the house passed 30 jobs bills and sent them to the senate where they died and passed a...
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Dec 27, 2012
12/12
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FBC
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economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of this is retail analyst. we appreciate you being here. we were reporting about this today on the fox business network. one i think it was mastercard spending pulse saying it actually not the fiscal cliff, it was superstorm sandy. >> right. adam: at the end. day are consumers pulling back? doesn't matter if it was the storm or fear they're pulling back, right. >> that was a real good point you made. mastercard said this these numbers were becoming a concern for the consumer back in october. the national retail fede
economy. appreciate you both being here. it is the fiscal cliff gridlock which is helping to suck the holiday cheer out of many shoppers. a new report says u.s. holiday sales climbed just .7 of a percent over last year. that is their slowest rate of growth since 2008 when the recession was in full force but are people just temporarily stuffing their money in the mattress due to the fisl cliff? or is this the start of a long-term spending halt by consumers? joining us to discuss all of this is...
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Jan 1, 2013
01/13
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FOXNEWSW
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what does it mean for struggling economy? >> up first around the world people are ringing in the new year. in shanghai they set it off with fireworks. a whole lot of them. also a laser light show to showcase tradition and technological advances. celebrations taking part in due by. douche /* lit up the sky and the world's tallest building. byi big ben struck 12 in england as well. next to iran where military drills continue for a fourth straight day. iranian officials say their military tests fired a range of weapons yesterday including the new air defense system seen here. a scary scene in brazil rescue crashes right into the water. this is in rio de janeiro. they managed to make it out okay the swimmer was also saved a surfer. >> wow. >> oo in with the new year out with the old in the big apple. look at times square with the clean upfrom last night's new year's eve if he is tiffities is still underway. 2,000 pounds of confetti blew through the air after the ball dropped that means a good party but a lot of sweeping up to do.
what does it mean for struggling economy? >> up first around the world people are ringing in the new year. in shanghai they set it off with fireworks. a whole lot of them. also a laser light show to showcase tradition and technological advances. celebrations taking part in due by. douche /* lit up the sky and the world's tallest building. byi big ben struck 12 in england as well. next to iran where military drills continue for a fourth straight day. iranian officials say their military...
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Jan 2, 2013
01/13
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MSNBCW
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that is how our economy works best. that's how we grow. the sum total of all budget agreements we have reached so far proves that there is a path forward, that it is possible. if we focus not on our politics but on what is right for the country. the one thing that i think we will focus on in the new year is seeing if we can put a package like this together with a little less drama, and the less brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending and raise revenue the way that reduces our deficit, protect the middle class, provides ladders into the middle class for everybody willing to work hard. we can find a way to afford the investment to grow and compete. we can settle this debate or at the very least not allowed it to be so all consuming all the time that it stops us from meeting a host of other challenges that we face, creating jobs, boosting incomes, fixing the infrastructure, fixing the immigration system, protecting our planet from climate change, boosting
that is how our economy works best. that's how we grow. the sum total of all budget agreements we have reached so far proves that there is a path forward, that it is possible. if we focus not on our politics but on what is right for the country. the one thing that i think we will focus on in the new year is seeing if we can put a package like this together with a little less drama, and the less brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and...
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Jan 2, 2013
01/13
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CNNW
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eye 140
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that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cucut spending and raise revenue in a way that reduces our deficit, protects the middle class and provides ladders into the middle class for everybody who is willing to work hard. we can set this will debate or at the very least into the allow it to be so all consuming all the time that it stops us from meeting a host of other challenges that we face, creating jobs, boosting incomes, fixing our infrastructure, fixing our immigration system, protecting our planet from the harmful effects of climate chan
that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we...
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Dec 29, 2012
12/12
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FOXNEWSW
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but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in the white house and it was constructive. we hope that it will bear fruit. but that is what we hoped a lot. i think that the next 24 hours will be very instructive as to what we are able to accomplish. >> if it doesn't work president obama wants lawmakers to vote on what would essentially be plan c. here is what it would include. focusing on three key area. keeping tax cuts for those making $250,000 a year or less. extending unemployment benefits and it would delay dramatic spending cuts until later next year. the top senate republican recognizes this is a critical time. >> we are engaged in discussions the ma
but let's make sure that middle class families and the american economy and in fact the world economy aren't adversely impacted because people can't do their jobs. >> sources say house speaker are john boehner deferred to senate colleagues and told them house leaders would consider, accept or amend their plan. what s not expected to be included in any deal is increasing the debt limit, something democrats have wanted and republicans have resisted. >> we he haded a long meeting in...
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Jan 2, 2013
01/13
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CNNW
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that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we can come together as democrats and republicans to cut spending and raise revenue in a way that reduces our deficit, protects the middle class and provides ladders into the middle class for everybody who is willing to work hard. we can set this will debate or at the very least into the allow it to be so all consuming all the time that it stops us from meeting a host of other challenges that we face, creating jobs, boosting incomes, fixing our infrastructure, fixing our immigration system, protecting our planet from the harmful effects of climate change
that's how our economy works best. that's hough we grow. the sum total of all the budget agreements we've reached so far proves that there is a path forward that, it is possible if we focus not on our politics but what's -- but on what's right for the country. and the one thing that i think hopefully in the new year we'll focus on is seeing if we can put a package like this together with a little bit less drama, a little bit less brinksmanship, not scare the heck out of folks quite as much. we...
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Dec 30, 2012
12/12
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FOXNEWSW
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but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will require adjustments in the spending habits of folk who is make between $25,000 and $100,000 a year. i would point out that this is no reason to give the president everything he wants and pass that bill that he proposes because if the republicans do that, they lose all their leverage. i have news for most people. if we dont curb our spending, everybody's going to have to pay the higher taxes in the end because things are flying out of ceil. >> no one's talking about spending cuts right now t. does not look like they will be part of the stop-gap measure. and the alternative minimum tax.
but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will...